Robinhood Markets’ (HOOD) “Overweight” Rating Reiterated at Cantor Fitzgerald

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “overweight” rating restated by equities research analysts at Cantor Fitzgerald in a report released on Monday,Benzinga reports. They presently have a $130.00 price target on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 56.97% from the company’s previous close.

A number of other brokerages have also weighed in on HOOD. Citizens Jmp upped their target price on Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research note on Friday, November 7th. Wolfe Research upgraded shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective for the company in a report on Monday. Argus started coverage on shares of Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 price objective on the stock. Loop Capital set a $152.00 price target on Robinhood Markets in a research note on Thursday, December 11th. Finally, Truist Financial cut their price objective on shares of Robinhood Markets from $155.00 to $130.00 and set a “buy” rating for the company in a report on Friday. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $132.82.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $82.82 on Monday. The company has a market capitalization of $74.47 billion, a P/E ratio of 34.37, a P/E/G ratio of 1.30 and a beta of 2.44. Robinhood Markets has a 1 year low of $29.66 and a 1 year high of $153.86. The business has a fifty day simple moving average of $113.99 and a two-hundred day simple moving average of $119.21.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven M. Quirk sold 52,540 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the sale, the insider directly owned 27,564 shares of the company’s stock, valued at $2,420,394.84. This trade represents a 65.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $87.07, for a total value of $870,700.00. Following the completion of the sale, the insider owned 393,612 shares in the company, valued at approximately $34,271,796.84. The trade was a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,537,615 shares of company stock valued at $182,272,702. 19.95% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Robinhood Markets

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after buying an additional 1,334,443 shares during the last quarter. State Street Corp lifted its holdings in shares of Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after purchasing an additional 16,375,734 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Robinhood Markets by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock worth $1,233,840,000 after purchasing an additional 507,926 shares in the last quarter. WCM Investment Management LLC lifted its stake in Robinhood Markets by 3,615.7% in the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after buying an additional 11,244,182 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Robinhood Markets in the second quarter valued at $973,122,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets News Summary

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Wolfe Research upgraded HOOD from “peer perform” to “outperform” and set a $125 price target (~50.9% upside versus the recent open), which supports upside expectations and may attract buying interest.
• Positive Sentiment: Robinhood reported Dogecoin inflows as ARK Invest builds a long-term position — higher crypto trading flows could boost platform revenue and offset some crypto weakness. Robinhood Sees Dogecoin Inflows As Ark Invest Builds Long Term Position
• Positive Sentiment: Robinhood expanded into the U.K. ISA market (stocks & shares ISA), a tangible international growth initiative that could broaden user acquisition and long-term revenue opportunities. Here’s What Robinhood’s (HOOD) Entry Into UK’s ISA Market Means For The Stock
• Neutral Sentiment: Truist cut its price target to $130 (from $155) but maintained a Buy rating — the lower PT reflects near-term crypto headwinds, yet the PT remains above current levels, so the change is mixed for sentiment. Truist Financial Cuts Robinhood Markets (NASDAQ:HOOD) Price Target to $130.00
• Neutral Sentiment: Analyst/market speculation about what management will say on the next earnings call keeps focus on guidance and crypto revenue sensitivity — prospective commentary could swing short-term moves but is currently just speculative. What will Robinhood say during their next earnings call?
• Negative Sentiment: Insider selling filings showed executives/officers sold sizable stakes (one filing ~ $870.7K, another ~ $4.61M), which can pressure sentiment and prompt short-term selling. Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $870,700.00 in Stock Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $4,613,537.40 in Stock
• Negative Sentiment: Broad crypto weakness — coverage noting a sharp decline in Bitcoin (reports citing falls toward ~$60K) — reduces crypto trading volumes and fee revenue risk for Robinhood, a key near-term headwind. Robinhood Of Crypto Market Crashes Hysterically! Bitcoin Halves To $60K From Peak

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.